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Latah Valley Peaceful Valley Thorpe (Westwood) West Hills

SPOKANE, WA 99224

Real Estate Market Report  ·  Spokane County
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 99224

Latah Valley · Peaceful Valley · Thorpe (Westwood) · West Hills

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SPOKANE, WA real estate market (99224) currently shows 113 active listings, with 43 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has increased compared to last year, with 29 more homes available — giving buyers more choice.

Homes are selling faster, averaging 34 days on market compared to 43 days last year.

The median listing price has risen 14.9% year-over-year, from $582,995 to $670,000.

Whether you are buying or selling in SPOKANE, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 24,455  ·  Density: 79.5/mi²  ·  Median household income: $73,250

Typical home value: $370,369  ·  Homeownership: 65.2%

Market Overview

Active Listings
113
⇧ 34.5% vs 84 last year
Pending
43
38% pending ratio
Median Price
$670,000
⇧ 14.9% vs $582,995 last year
Average Price
$748,655
⇩ 3% vs $772,150 last year
Days on Market
34
⇩ 20.9% vs 43 days last year

Price Per Square Foot

Median $/sqft
$273
⇧ 5.4% vs $259/sqft last year
Median Home Size
2,550 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 113 this year vs 84 last year
  • Days on market: 34 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $670,000 (+14.9% YoY)
  • Average: $748,655 (-3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.7 miles — 1,035 listings ($591,507,136 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
99224Spokane, WA 992240.0 mi107$75,536,115$538,743$705,945
99201Spokane, WA 992014.7 mi40$18,020,320$383,750$450,508
99205Spokane, WA 992055.4 mi157$54,437,709$341,950$346,737
99203Spokane, WA 992036.3 mi56$44,722,888$604,925$798,623
99202Spokane, WA 992027.3 mi64$25,021,952$328,500$390,968
99022Medical Lake, WA 990228.7 mi27$16,471,998$537,475$610,074
99208Spokane, WA 992089.8 mi200$134,648,400$541,150$673,242
99212Spokane, WA 9921210.6 mi80$40,268,400$442,500$503,355
99206Spokane, WA 9920613.2 mi128$71,334,400$458,900$557,300
99217Spokane, WA 9921714.2 mi71$35,631,137$413,500$501,847
99216Spokane, WA 9921615.4 mi58$29,301,078$422,438$505,191
99005Colbert, WA 9900515.8 mi42$41,562,864$794,500$989,592
99031Spangle, WA 9903117.7 mi5$4,549,875$909,975$909,975

Frequently Asked Questions

How many homes are for sale in SPOKANE, WA 99224?

As of March 2026, there are 113 active listings in SPOKANE, WA (zip code 99224), compared to 84 the prior year.

What is the median home price in SPOKANE, WA 99224?

The median listing price in SPOKANE, WA 99224 is $670,000 as of March 2026, a 14.9% increase from $582,995 the prior year.

How long do homes stay on the market in SPOKANE, WA?

Homes in SPOKANE, WA 99224 spend an average of 34 days on the market before going under contract, compared to 43 days the prior year.

Is it a seller's or buyer's market in SPOKANE, WA 99224?

Based on current inventory and days-on-market data as of March 2026, SPOKANE, WA 99224 is currently a Balanced Market. Inventory has increased compared to last year, with 29 more homes available — giving buyers more choice. Homes are selling faster, averaging 34 days on market compared to 43 days last year.

How much can I save on real estate commission in SPOKANE, WA?

With SELL123.com's maximum 3% commission, sellers in SPOKANE, WA 99224 save an estimated $13,400 compared to a typical 5% commission on the median listing price of $670,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.